Overview / Commentary
Polam Federal Credit Union is headquartered in LOS ANGELES and is the 185th largest credit union in the state of California. It is also the 2,199th largest credit union in the nation. It was established in 1969 and as of December of 2022, it had grown to 9 employees and 2,064 members at 2 locations. Polam Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
POLAM Federal Credit Union is open to residents of Southern California who are family and friends, or supporting members of the Polish American Congress (supporting donation of $20 can be made at time of membership opening).
See current membership details
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Health
C+
Data as of Q4 2022
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Polam Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 19739 |
| Year Chartered | 1969 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 4.85% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $68.2MM$67.2MM |
| Loans | Q4 2022vs Q4 2021 | $35.0MM$32.3MM |
| Deposits | Q4 2022vs Q4 2021 | $62.1MM$59.6MM |
| Equity Capital | Q4 2022vs Q4 2021 | $5.9MM$7.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $0$648.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $690.00K$612.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |